BMO Capital Downgrades Celanese to Market Perform, Lowers Price Target to $119
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst John McNulty downgraded Celanese (NYSE:CE) from Outperform to Market Perform and lowered the price target from $133 to $119.
June 26, 2023 | 9:07 am
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Celanese (NYSE:CE) has been downgraded by BMO Capital from Outperform to Market Perform, with a reduced price target of $119, down from $133.
The downgrade from Outperform to Market Perform and the reduction in price target from $133 to $119 by BMO Capital's analyst John McNulty indicates a less optimistic outlook for Celanese's stock performance in the short term. This could lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100